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$1,200,000
25 Days On Site

424 TRENTON ROAD
BROWNS MILLS, NJ 08015

For Sale|Multi Family|Active
11
Beds
0
Total Baths
6,000
SqFt
$200
/SqFt
1966
Built
County:
BURLINGTON
Listing courtesy of Keller Williams Real Estate-Langhorne

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424 TRENTON ROAD424 TRENTON ROAD424 TRENTON ROAD424 TRENTON ROAD
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Presenting an exceptional investment opportunity at 424 Trenton Road, this 9-unit multifamily property offers the perfect blend of stability and upside. Can be seen in Commercial Listing @ NJBL2084780. With 7 of the 9 units already fully remodeled and a brand new septic system installed in 2021, the heavy lifting has been done. The unique 5-building layout provides a private, residential feel that attracts a wide range of quality tenants. Current ownership has meticulously managed major capital improvements, mitigating future risk for the next investor. The property features a diverse mix of studio, 1, 2, and 3-bedroom units. There is a clear and immediate path to increase cash flow by leasing two vacant units at market rent and raising the significantly under-market rent on the flagship 3-bedroom, 2-bath main house. With a pro-forma cap rate of 7.07% and its strategic proximity to Joint Base McGuire-Dix-Lakehurst ensuring a consistent tenant pool, this property is a powerful addition to any investment portfolio. Don't miss this chance to acquire a stabilized, cash-flowing asset with tangible upside.

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Listing Snapshot
Price 
$1,200,000
Days On Site 
25 Days
Bedrooms 
11
Inside Area (SqFt) 
6,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
4.33 Acres
Year Built 
1966
MLS® Number 
NJBL2096332
Status 
Active
Property Tax 
$14,782
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Estimated
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
a week agoPrice changed to $1,200,000
4 weeks agoListing first seen on site
General Features
Acres 
4.33
Foundation 
Block
Parking 
AsphaltDriveway
Parking Spaces 
15
Property Sub Type 
Multi Family
Security 
Smoke Detector(s)Carbon Monoxide Detector(s)
Sewer 
Septic Tank
Special Circumstances 
Standard
SqFt Above 
6000
SqFt Total 
6000
Style 
TraditionalColonialRanch/Rambler
Utilities 
Cable AvailableNatural Gas AvailablePhone AvailableWater AvailableElectricity Available
Water Source 
Public
Zoning 
RESIDENTIAL
Interior Features
Appliances 
Electric Water HeaterGas Water Heater
Basement 
Crawl SpaceDaylightFull
Cooling 
Central AirWindow Unit(s)Electric
Electric 
100 Amp Service200+ Amp Service
Fireplace 
Yes
Fireplaces 
2
Flooring 
LaminateCeramic TileHardwoodVinyl
Furnished? 
None
Heating 
ElectricNatural GasForced AirBaseboard
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Exterior Features
Construction Details 
Frame
Pool Features 
None
Roof 
FlatShingle
View 
Trees/Woods
Waterview 
Trees/Woods
Community Features
MLS Area 
Pemberton Twp (20329)
School District 
PEMBERTON TOWNSHIP SCHOOLS
Schools
School District
PEMBERTON TOWNSHIP SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Keller Williams Real Estate-Langhorne



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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